Tag: Plexus Holdings

Oil fell at the end of last week although most pointers were, and still are, upwards. Jersey Oil & Gas have spudded the Verbier appraisal well which hopefully add a great deal to the partners knowledge of the block. Reabold have also spudded, theirs is in California at Monroe Swell, a name like that just has to come in. If it does it will pay back very quickly. Plexus have won a contract and the shares were up 30%…Egdon gave an upbeat update, Springs Road might well be a lifeline…And Pantheon, having delivered bad news from Winx on Friday said it was all ok today…

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Oil had a very good week, Brent particularly so, after realisation that production cuts were indeed real filtered through. Sound Energy confirm that TE-10 is indeed a discovery and have made an upward revision of net pay numbers after a report from ERCE. I met with Eco Atlantic last week and both Gil and Colin remain very upbeat ahead of the drilling in Guyana. A profit warning from Plexus this morning was down to lower margins and higher overheads whilst Anglo African Oil has got some money back from SNPC but would have preferred a higher stake in the licence. Finally a word on AAA who are getting involved in Comarco Ports in Mombasa…

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Oil prices still under pressure but rallying a bit today ahead of the Opec+ meeting at the weekend where production cuts are on the agenda. Africa Oil Week continues and Plexus Holdings have results today.

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Inventory builds kept oil down yesterday as gasoline built and demand fell away after the driving season. Eco Atlantic have been approval to drill on PEL 30, the ‘Cooper’ block and hope to drill on the Osprey prospect late next year. Plexus have won an order from Gazprom for TRT mudline suspension systems, a good start in a huge market.

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WTI $65.88 +$1.58, Brent $70.45 +$1.54, Diff -$4.57 -4c, NG $2.59 -3c Oil price Last week ended up being a very good week for oil price bulls with WTI gaining $3.54 or 5.71% and Brent up $4.24 or 6.4%. Quite …

Oil price, SDX Energy, Plexus Holdings, Columbus And finally… Read More »

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WTI $52.04 +16c, Brent $58.15 +27c, Diff -$6.11 +11c, NG $2.85 -11c Oil price Onward and sedately upwards, the oil market takes note of the near 400/- b/d closed in from Kurdistan although not panicking as surely some agreement will …

Oil price, Amerisur, Genel, Plexus, Links And finally… Read More »

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WTI $50.55 -15c, Brent $56.43 +14c, Diff -$5.88 n/c, NG $2.95 -15c Oil price Oil vacillated yesterday, Brent rose as Nigerian crude outages kept demand for that crude firm whilst WTI drifted. Exxon have announced that their Baytown and Beaumont …

Oil price, Lamprell, Plexus And finally… Read More »

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WTI $47.66 -70c, Brent $49.95 -68c, Diff -$2.29 +42c, NG $3.00 -1c Oil price Not a good week for oil prices, WTI was down $2.14 and Brent $2.20, Friday saw disappointing data from the rig count, oil up 11 to …

Oil price, Chariot, Cape, Plexus, And finally… Read More »

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WTI $49.35 +28c, Brent $52.51 +30c, Diff -$3.16 +2c, NG $3.18 -1c Oil price Bear with me today if you will, I have had a breakdown in communications and am not able to retrieve much in the way of news. …

Oil price, SDX Energy, Plexus Holdings, Solo, And finally… Read More »

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WTI $48.85 +$1.01, Brent $51.82 +98c, Diff -$2.97 -3c, NG $3.35 -8c Oil price The only news in town is the Saudi/Russian rapprochement and the oil price is rising, albeit slowly as it takes on board the ramifications of the …

Oil price, Plexus Holdings, Links to Premier, SDX and Jersey O&G. And finally… Read More »

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